Statistical overview (July. 2017)
2017-09-20 14:27
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Inflation report 2017/3 (Monetary Policy Program Q3, 2017. Status report on implementation of the Monetary Policy Program Q2, 2017)
2017-08-25 18:50
Executive summary
According to the Q3, 2017 Monetary Policy Program of the Central Bank of Armenia (“the Central Bank”), up until the end of 2017 the inflation will continue expanding, shaping within the confidence band; in the forecast horizon it will stabilize around the 4% target.
Positive developments in the macroeconomic environment expected in the short run will primarily contribute to the recovery of the 12-month inflation rate, owing to relatively high activity observed in...
Statistical overview (June. 2017)
2017-08-11 11:46
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2017 year, II quarter
2017-08-04 11:13
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2017 year, II...
Statistical overview (May. 2017)
2017-07-17 11:45
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Statement of financial position as at 30 June 2017
2017-06-30 10:46
Statement of financial position as at 30 June...
Financial System of Armenia. Development, Regulation, Supervision 2016
2017-06-15 10:26
Introduction
Development trends in Armenia’s financial system were stable in 2016: the key balance sheet indicators grew considerably, and the indicators of financial stability improved. The asset-to-GDP ratio, an indicator of financial intermediation, grew by 12.3 percentage points to 89.1%, while the loan-to-GDP ratio increased by 6.6 percentage points to 50.0%.
In an environment of low inflation, the Central Bank gradually lowered the refinancing rate by a total of 2.5% over the...
Statistical overview (April. 2017)
2017-06-07 11:42
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Inflation report 2017/2 (Monetary Policy Program Q2, 2017. Status report on implementation of the Monetary Policy Program Q1, 2017)
2017-05-26 18:33
Executive summary
The economic activity in the first quarter of 2017 has been strong enough compared with the forecasts, primarily due to higher output in industry and services sectors. Consequently, the Central Bank of the Republic of Armenia (“the Central Bank”) has revised the 2017 economic growth forecast upside. In the forecast horizon the economic growth will accelerate, gradually approaching the long-term equilibrium. In the first quarter of 2017 the deflationary environment...
Financial Stability Report (2016 annual report)
2017-05-12 13:03
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...
Statistical overview (March. 2017)
2017-05-12 11:40
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Annual report 2016
2017-04-14 19:45
Chairman's message
Dear reader,
This is the annual report of the Central Bank of the Republic of Armenia for 2016. It provides an overview of the activities carried out for fulfillment of the objectives of the Bank and the results achieved during the year. In the reporting year the price and financial stability in Armenia was further maintained. On the back of public confidence in the Bank the inflation expectations have fallen significantly, reflecting the decrease in long-term interest...
Statistical overview (February. 2017)
2017-04-11 11:38
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Statistical overview (January. 2017)
2017-03-09 11:06
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Inflation report 2017/1 (Monetary Policy Program Q1, 2017. Status report on implementation of the Monetary Policy Program, Q4, 2016)
2017-02-24 18:17
Executive summary
The monetary policy the Central Bank of the Republic of Armenia (hereinafter “the Central Bank”) carried out in 2016 was expansionary and aimed at softening the existing deflationary environment, in view of the macroeconomic situation and inflation developments at the time. The consistency by which the Central Bank attempted gradual easing of monetary conditions proved effective since inflation expectations had reduced significantly amid persistently low...